Strategic Point Investment Advisors LLC Raises Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Strategic Point Investment Advisors LLC lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 544,716 shares of the exchange traded fund’s stock after purchasing an additional 1,773 shares during the period. iShares Gold Trust comprises approximately 4.4% of Strategic Point Investment Advisors LLC’s portfolio, making the stock its 9th biggest holding. Strategic Point Investment Advisors LLC owned about 0.08% of iShares Gold Trust worth $26,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in IAU. Quadrature Capital Ltd bought a new position in shares of iShares Gold Trust in the third quarter worth approximately $95,801,000. Truist Financial Corp grew its holdings in shares of iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of iShares Gold Trust by 6,538.7% in the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after purchasing an additional 672,568 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after purchasing an additional 666,330 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.0 %

Shares of IAU stock opened at $52.54 on Thursday. The stock has a fifty day moving average of $50.27 and a 200 day moving average of $49.10. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69.

iShares Gold Trust Company Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.